The United States has raised concerns over its 'very large' trade defi...
WASHINGTON - The United States has raised concerns over its “very large” trade deficit with Japan in the first round of negotiations between the two nations on a new bilateral trade deal.
Japan’s Economy Minister Toshimitsu Motegi and his counterpart U.S. Trade Representative Robert Lighthizer agreed that digital trade would also be discussed “at the appropriate timing.” Trump has made clear he is unhappy with Japan’s trade surplus with the United States - much of it from auto exports - and wants a two-way agreement to address it. During the talks this week, Washington highlighted the “very large trade deficit with Japan – $67.6 billion in goods in 2018,” according to the USTR statement.
Motegi said the two nations have not agreed on auto issues and declined to comment on details. Japanese officials have said Tokyo would not accept auto export restrictions if the U.S. makes such demands.
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